International Journal of Science and Research (IJSR)

International Journal of Science and Research (IJSR)
Call for Papers | Fully Refereed | Open Access | Double Blind Peer Reviewed

ISSN: 2319-7064


Downloads: 143 | Views: 273 | Weekly Hits: ⮙1 | Monthly Hits: ⮙1

Research Paper | Management | Ethiopia | Volume 5 Issue 10, October 2016 | Rating: 7 / 10


Practices and Challenges of Rural Saving and Credit Cooperatives in Adwa Woreda

Gebreselassie Mihreteab Gebremedhin


Abstract: Saving and Credit Cooperatives (SACCOs) are the main financial solution of the people who have low income level. Rural Savings and Credit Cooperative are a form of a cooperative society aimed to provide financial services to its members. It is owned by its members through payment of share capital and membership fees to the institution. Despite the services provided by these cooperatives, they are facing challenges as well. To study the practices and the challenges faced by such cooperatives a descriptive research design was employed. Seven sample RUSACCOs were taken as a sample and 115 respondents were surveyed proportionally. In addition, cooperative committees, woreda cooperative officials and agents were taken as key informants. Descriptive analysis techniques were also employed to analyze the data. Results of the study shows that there is a tremendous growth in the cooperatives and variety services are provided to members. Even though there is a sign of growth, RUSACCOs are facing many challenges in their management. The main challenges are RUSACCO are not audited in time, limited training opportunities are available to the RUSACCO members, lack of proper saving, lack of knowledge in line of income generating activities, lack of professional man power, lack f awareness on saving habits, low participation of membership in RUSACCO activities, and lack of information in line of income generating activities.


Keywords: Challenges, saving, credit, and cooperatives


Edition: Volume 5 Issue 10, October 2016,


Pages: 508 - 511


How to Download this Article?

Type Your Valid Email Address below to Receive the Article PDF Link


Verification Code will appear in 2 Seconds ... Wait

Top